ACA vs LXFR: Correlation
How closely do Arcosa, Inc. (ACA) and Luxfer Holdings PLC (LXFR) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and LXFR?
Over the past 3 years, ACA and LXFR moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 720.6 %².
By 3-year correlation, LXFR places #11 of the 23 assets tracked against ACA. The last year tells two different stories: ACA led by 15.4 percentage points, +47.0% for ACA against +31.6% for LXFR.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACA vs LXFR: side by side
| ACA (Arcosa, Inc.) | LXFR (Luxfer Holdings PLC) | |
|---|---|---|
| 1-year return | +47.0% | +31.6% |
| 5-year return | +186.5% | -1.2% |
| Volatility (ann.) | 31.9% | 44.1% |
| Beta vs S&P 500 | 1.23 | 0.97 |
| Max drawdown (3Y) | -36.6% | -42.1% |
| Market cap | $7.1B | $0.5B |
| P/E (trailing) | 32.5 | 35.0 |
| Dividend yield | 0.14% | 3.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | LXFR |
|---|---|---|
| 2022 | +3.5% | -26.6% |
| 2023 | +52.5% | -32.3% |
| 2024 | +17.3% | +53.9% |
| 2025 | +10.2% | +7.8% |
| 2026 | +37.0% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and LXFR good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACA and LXFR?
As of 2026-08-27, the correlation of weekly returns between ACA and LXFR is 0.51 over 3 years, 0.48 over 1 year and 0.44 over 5 years.
Is LXFR a good diversifier for ACA?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACA correlations · LXFR correlations
